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FOCUS ON: SPRINGFIELD HOUSING MARKET |
MAY 2025 |
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Zip Code(s): 22151, 22150, 22152 and 22153 |
Units Sold
138 |
Active Inventory
106 |
Median Sale Price
$762,500 |
Days On Market
11 |
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Up 7%
Vs. Year Ago |
Up 12%
Vs. Year Ago |
Up 9%
Vs. Year Ago |
Up 38%
Vs. Year Ago |
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Units Sold
There was an increase in total units sold in May, with 138 sold this month in Springfield Real Estate. This month's total units sold was higher than at this time last year.
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Active Inventory
Versus last year, the total number of homes available this month is higher by 11 units or 12%. The total number of active inventory this May was 106 compared to 95 in May 2024. This month's total of 106 is lower than the previous month's total supply of available inventory of 133, a decrease of 20%.
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Median Sale Price
Last May, the median sale price for Springfield Homes was $700,000. This May, the median sale price was $762,500, an increase of 9% or $62,500 compared to last year. The current median sold price is 7% higher than in April.
Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.
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New Listings
107 |
Current Contracts
114 |
Sold Vs. List Price
101.9% |
Months of Supply
0.8 |
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Down -15%
Vs. Year Ago |
Down -4%
Vs. Year Ago |
Down -2.6%
Vs. Year Ago |
No Change
Vs. Year Ago |
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Months of Supply
In May, there was 0.8 months of supply available in Springfield. The amount of supply is similar compared to a year ago.
Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.
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New Listings & Current Contracts
This month there were 107 homes newly listed for sale in Springfield compared to 126 in May 2024, a decrease of 15%. There were 114 current contracts pending sale this May compared to 119 a year ago. The number of current contracts is 4% lower than last May.
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Sale Price to List Price Ratio
In May, the average sale price in Springfield was 101.9% of the average list price, which is 2.7% lower than at this time last year.
Days on Market
This month, the average number of days on market was 11, higher than the average last year, which was 8, an increase of 38%.
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Springfield are defined as properties listed in zip code/s 22151, 22150, 22152 and 22153. |
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates. |
Information included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc. |